Category: Crime

Argentina’s President Javier Milei is facing backlash after endorsing the cryptocurrency $LIBRA, which spiked and then quickly crashed. His now-deleted post claimed the token would boost Argentina’s economy, but after warnings of a potential scam, he distanced himself and launched an investigation.

Opposition leaders slammed Milei, likening the fiasco to political manipulation and demanding a congressional probe. His administration insists it was routine business promotion, but investors suffered major losses.

As Argentina grapples with economic instability, this incident highlights the risks of political figures engaging with volatile financial markets.

Source: https://www.nytimes.com/2025/02/15/world/americas/argentina-milei-crypto-trump.html

The developer of the AlleyCat cryptocurrency project on Solana allegedly misused 600 SOL (~$130,000) raised during the project’s presale, diverting it to gambling platforms like Sportsbet.io and Bitcasino instead of funding token liquidity as promised. Despite raising significant funds, only 18 SOL (~$11,000) was used for liquidity. In total, approximately $827,000 has flowed through the developer’s Sportsbet.io account over seven months. Crypto watchdog Rug Pull Finder has accused the developer of being involved in other rugpull scams as well.

Source: https://rugpullfinder.co/scams/f/alleycat—the-gambling-deployer

Aiden Pleterski, Ontario’s self-proclaimed “crypto king,” has been charged with assault, forcible confinement, harassment, and death threats in an alleged intimate partner violence case. The 26-year-old, also accused of defrauding over 100 people out of $40 million, was granted bail under strict conditions. His next court appearance is set for January 28.

Source: https://www.cp24.com/local/york/2025/01/08/ontarios-so-called-crypto-king-faces-new-criminal-charges-in-intimate-partner-violence-case/

A Toronto man, Art, lost $100,000 after unknowingly logging into a spoofed Kraken website he found via Google. Within six minutes, his cryptocurrency was drained and sent to an untraceable wallet overseas. Art, who had invested his inheritance in 2021, described the loss as devastating for his family.

Source: https://www.cp24.com/local/toronto/2025/01/07/money-we-dont-have-to-spare-spoofed-website-causes-toronto-man-to-lose-100k/

A 24-year-old Dutch law student, once hailed as a “crypto genius,” has been arrested after allegedly scamming 300 people out of €4.5 million ($4.6 million) in a crypto pyramid scheme. The self-styled “crypto banker” fled into hiding last year when his scheme collapsed and, in a stunning twist, sought police protection from his angry victims. Authorities relocated him to a safe house, but new evidence presented by scammed investors led to his arrest. The aspiring lawyer is now facing justice for allegedly duping investors, including friends and family, while continuing to recruit even as his scheme imploded.

Source: https://protos.com/dutch-police-arrest-law-student-behind-multi-million-euro-crypto-scheme/

A US court has ordered crypto exchange Binance and its former chief Changpeng Zhao (CZ) to pay $2.7 billion and $150 million respectively to the Commodity Futures Trading Commission (CFTC). The CFTC announced on Monday that the US District Court for the Northern District of Illinois approved the historic […]

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A woman allegedly borrowed money from several individuals, saying she needed it for her mortgage, but instead used it to participate in a cryptocurrency scam, Durham police said. On Tuesday, police announced that they had arrested the woman, 25-year-old Fatima Imran, from Oshawa. Police allege after she diverted funds […]

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